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Wealth-tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Factory land - asset u/s 2(ea) of the Wealth tax act – There may ...

Case Laws     Wealth-tax

November 8, 2013

Factory land - asset u/s 2(ea) of the Wealth tax act – There may be situations in which a part of factory land may be sold as ‘land’ but as long as it is a part of the factory, it cannot have any other character in the hands of the assessee than factory as such. - AT

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